The Latin quarter

Argentina

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It had all the drama investors have come to expect from the ongoing saga surrounding the largest default in history. To the accompaniment of a loud din of mobile phones, some 200 bankers, analysts and a cadre of financial VIPs solemnly filed in to a Dubai conference room to await the big announcement. At 4 pm local time on September 22, 2003, the presentation got rolling. On two screens, one in English and another in Spanish, being broadcast live back to Buenos Aires, Argentina economy minister

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